Results Obtained IN the Exploration Holes Drilled IN the Fall of 2018 ON the Discovery, Flordin, Aldermac and Abcourt-Barvue Properties _____________________________________________________________
FOR IMMEDIATE RELEASE
TSX Venture – ABI.V
March 20, 2019
RESULTS OBTAINED IN THE EXPLORATION HOLES DRILLED
IN THE FALL OF 2018 ON THE
DISCOVERY, FLORDIN, ALDERMAC AND ABCOURT-BARVUE PROPERTIES
_____________________________________________________________
Rouyn-Noranda, Québec, Canada, March 20, 2019
Abcourt Mines Inc. ( TSX-V: ABI, Berlin: AML -BE and Frankfurt Stock Exchanges: AML -FF)
(“Abcourt” or the “Mines Abcour t inc.) announces the results of a surface drilling program
completed in the Fall o f 2018. Twenty -one holes tota ling 4,835 meters were drilled on different
properties. Several good values were obtained. See below:
Discovery Project:
The property covers the Cameron deformation corridor in the western extension of the Flordin
property held 100% by Abcourt and the Cameron Shear, held 50% by Jien Canada Mining Ltd and
50% by Abcourt Mines inc., as Mines Aurbec inc. had earned 50% in this property before going
bankrupt. Abcourt purchased all the assets of Mines Aurbec inc. , including it s interest in the
Cameron Shear property.
The objective of the 2018 drilling program wa s to outline extensions to some of the best gold
intersections obtained in the NAP Québec drilling campaigns of 2010 and 2011 . Twelve (12) NQ
holes, for a total of 2,7 57 meters were drilled between sections 400W and 1470E, covering zones
“B” and “30”.
The Discovery property is located 35 km to the north -west of the Lebel -sur-Quévillon municipality,
Quebec, Canada. It is located on the SNRC 32F/06 map and straddle the Desjardins and Bruneau
townships border line. The property is located on the Lac Simon Algonquin land of category III. It is
owned 100% by Mines Abcourt Inc. It consists in 83 mining titles (CDC) totaling 4,165.7 hectares.
Several drilling programs were don e and mineral r esources were calculated in the past, but as
several additional holes were drilled after the calculation of resources, Abcourt does not believe
that these resources are suitable for disclosure.
Location of the 2018 drill holes (yellow circles) and historical holes (green circles) as shown on
the interactive map of the MERN on a photo satellite base from the Google Earth software.
The table below shows the best results ob tained in the 2018 drilli ng campaign. The length of the
intersections in the core do not represent the true width of the zone. The true wi dth of veins is
about half the core length. These intersections are not all connected with zone B. Some may be in
parallel zones.
Hole No. From To (m) Au
(g/t)
Targeted
zone
D18-215 121.10 122.10 1.00 2.06 30 - 600 E
D18-217 151.30 152.30 1.00 2.10 30 - 1200 E
D18-218 75.65 78.45 2.80 4.37 30 - 1200 E
D18-223 399.15 401.00 1.85 5.29 B - 30 E
" 414.10 416.25 2.15 5.90 B - 30 E
D18-224 162.40 165.85 3.45 6.35 B - 30 E
" 200.00 202.00 2.00 38.20 B - 30 E
" 200.00 201.00 1.00 76.00 B - 30 E
The gold mineralization on the Discovery property is found in veins. It is made up of 1 to 5%
pyrrhotite and pyrite associated with quartz -ankerite. Walls are sometimes albitized and silicified .
The sulfides are disseminated or injected in irregular or tension fractures.
Flordin project
The Flordin property consists in twenty -five (25) mining title s in the Desjardins and Franquet
townships located about 40 km to the nor th of the Lebel -sur-Quévillon municipality. There is no
royalty to pay. The property w as acquired from Deloitt e Restructuring Inc on February 23, 2016.
Six holes were drilled for a total of 977 meters.
The property covers the Cameron deformation corridor over almost 4 km in t he eastern extension
of the Discovery property, held 100% by Abcourt and the Cameron Shear property held 50% by
Jien Canada Mining Ltd and 50% by Abcourt Mines Inc as explained previously.
The approximate UTM coordinates of the main showing are 358,740 E and 463,840 N ( zone 18).
The property is located in the Lac Simon Algonquin category III territory.
Mineralization extends over a distance of 3 km. In the past, several ho les were drilled and
resources calculation was done by InnovExplo in 2011, but Ab court do not c onsider these
calculations as current and does not believe they are suitable for publication.
In 1987 -1988, a ramp was excavated in zon e B and two bulk s amples were taken. The b ulk
sample mineralization was treated at the Bachelor mill and the following results were obtained:
• 5,174 tonnes at 2.51 g/t Au in 1987 (Sullivan/Bachelor)
• 4,053 tonnes at 4.25 g/t Au in 1988 (Cambior/Bachelor)
The objective of th e 2018 d rilling campaign was to outline at depth some of the best gold
intersections obtained previously in the 2010 and 2011 drilling by NAP Quebec inc.
Central part of the Flordin property showing the historical drilling (green circles) and the 2018 drilling (red circles).
The best results are as follows:
Hole No. From To (m) Au (g/t)
FL18-253 123.00 126.15 3.15 1.95
FL18-254 38.25 40.35 2.10 6.49
" 47.70 51.20 3.50 22.63
FL18-255 81.00 82.00 1.00 2.94
Hole FL18-254 was aimed at finding an extension along dip of a gold value of 103.7 g/t Au over 1.0
meter in hole FL11-251. The latter is located between the Flordin zone and the Cartwright showing
where NAP Qu ebec drilled short holes o n several sections, 50 meters ap art. True width is about
70% of core length.
The FL18-254 hole intersected two gold zones. The first one, from 38.25 to 40.35 meters is located
in the bottom part of a sh eared basalt associated with a silicified and hematized zone that may
contain up to 3% pyrite. The second zone, from 47.7 to 51.2 meters, is also located in the sheared
basalt, with ankerite-hematite alteration and 8% of disseminated fine pyrite. This sector is the most
promising of the 2018 drilling by Abcourt.
The high grade found in hole FL18 -254, that is 6.49 g/t Au over 2.1 me ters and 22.63 g/t Au over
3.50 meters, confirm the excellent results given by hole FL11-251, that is 7.98 g/t Au over 2.10
meters and 103.10 g/t Au over 1.0 meter drilled in 2011. E ven if these values are not connected,
this sector indicates a good potential for several reasons:
1) Results in hole FL18 -254 are the most encouraging found since 2011 on the Flordin
property;
2) The pyrite mineralization is found in a strongly altered zone with ankerite and hematite;
3) The Gold enrichm ent zone is not associated wit h quar tz-carbonate veinlets in t he basalt
shear zone. The latter is sometimes magnetic;
4) The structure is open laterally and at depth.
QUALITY CONTROL QA/QC
To have more representative statistics, the QA/QC assays done for the Discovery and Flordin
projects were combined. These properties ar e in the same deformation corridor w ith the same
geological units. It is therefore probable that the gold mineralization is contemporary for both
projects. The Mississauga Agat Laborator y is accredited ISO 17025 by t he Canadian Council of
Standards and is independent of Abcourt Mines Inc.
Out of the 491 samples assayed for the 2018 drilling p rogram, forty-four (44) of them were blanks,
standards or duplicates, representing 10% of assays done for QA/QC.
ABCOUT-BARVUE PROPERTY
The Quebec Mining Law requi res a minimum of exploration work to be done on the mining
concessions every year to keep them.
One 360 -meter hole was drille d on the Abcourt -Barvue mining concession to comply. The best
intersection, from 251.0 to 259.5 meters, for 8.55 meters gave 28.55 g/t of silver and 1.29% zinc.
The true width is 7.25 meters . The assays were d one at the Aga t Laboratory in Toronto. Assays
done on standard samples used by the Agat Laboratory have not show n any significant
discrepancy.
ALDERMAC PROPERTY
Two holes, for a total of 792 meters , were dril led on the Aldermac prope rty. This property covers
303 hectares.
The first hole cut a new copper zone, giving 0.22 g/t of gold, 28.41 g/t of silver and 2.06% C u over
6.4 meters. The true width of the zone is probably equal to the length of the intersection. Additional
drilling in this area is justified.
The second hole was drilled to check a magnetic anomaly. There was no significant value in the
core.
Assays were done by the Agat Laboratory in Toronto. Assays on standard samples by the Agat
Laboratory did not show any significant differences.
STRATEGY AND OUTLOOK
Currently, the Compa ny i s focussing on stabili zing and increasing the Elder production . Our
objective is to produce 12,500 tonnes per month of gold mineralization.
To reduce the operating cost per tonne treated, we wish to use the full capacity of the Sleep ing
Giant mill by treating custom ore.
For the long-term, in the gold sector, the Company has started a drilling program on the Discovery
and Flordin gold properties where substantial gold mineralization is found.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a C anadian exp loration company wit h strategically
located proper ties i n northwester n Quebec, Canada. The Elde r proper ty ha s an updated gold
resources (2018) and an updated P.E.A. study (2018). Abcourt is focusing on the expl oitation of
the Elder mine.
The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in
2007 by Roche / Genivar. An update was completed in January 2019.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, l ocated half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was recently
filed. Some custom milling is now being done.
To know more abo ut Ab court Mines Inc . (TSXV: ABI), pleas e visit our web s ite at
www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
This press release was prepared by Mr . Renaud Hinse, Engineer and President of Abcourt Mines
Inc. Mr. Hinse is a “Qualified Person ” under the terms of Regulat ion 43 -101. Mr. Hin se has
approved the scientific and technical disclosure.
FORWARD LOOKING STATEMENTS
This news release contains fo rward-looking statements that include risks and uncertainties. When
used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe",
"hope", "may" an d similar expressions, as well as "will", " shall" and other indicat ions of future
tense, are i ntended to id entify f orward-looking statements. The forward -looking statements are
based on cu rrent expectations a nd apply only as of the date on which they are m ade. Except as
may be required by law, the Corporation undertakes no obligation and disclaims any responsibility
to publicly update or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise.
The factors that could cause actual results to differ materially from those indicated in such forward-
looking statements include changes in the prevailing pr ice of gold, the Canadian-United States
exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect
revenue and production costs. O ther factors suc h as uncertainties r egarding go vernment
regulations could also affect the results. Other risks may be set out in Abcourt’ annual and periodic
reports. The forward -looking information contained herein is made on the date of this news
release.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: [email protected]
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.